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. and today worries about supplies sent energy prices rising. oil jumps 2.3%, not a huge price, but enough that you might see a bit of an increase in gasoline and home-heating prices in the next ten days or so. the effect was more dramatic on natural gas prices in europe. america's natural gas is.com nesticly produced so the u.s. is not effected directly by prices in europe. but a sharp and sustained prize in energy prices in europe would raise the unlikely but scary possibility of europe's fragile economy being pushed back into recession that could deal a direct blow to u.s. companies, investors and consumers. calls for sanctions are increasing. sanctions worked against libya and iran, but russia is closely tied to europe through those pipelines that carry crucial natural gas, so while the idea may appeal to americans, they are a harder sell in europe. the european union gets a quarter of its natural gas supplies from russia and half of that is routed through ukraine's pipeline network. any disruption would hit germany which defends on the gas to run its factories, especially hard. and if
care reform, one of the authors of this bill, mr. waxman, the ranking member of energy and commerce, from california. the speaker pro tempore: the gentleman from california is recognized. mr. waxman: i thank the gentleman for yielding to me. the truth of the matter is no matter how many votes the republicans cast to repeal the affordable care act, and no matter how many distortions they spread about the law, there are some facts they cannot change. they cannot change the fact that because the affordable care act nobody in america can ever again be denied health insurance because they have a pre-existing condition. they cannot change the fact that a woman can never be charged more than a man for the same coverage. they cannot change the fact that a family will never again be left without coverage just because their child's hospital bills got too high. these facts are stubborn. they are inconvenient for my republican colleagues, so they ignore them and they deny them. republicans have voted or will today 50 times to try to take away the basic security and freedom guaranteed by the aff
as a lost ideal? >> we're going to be looking at energy security in the next half hour of "gmt" as the white house says a billion dollars in energy aid is coming to ukraine's way. john kerry has just arrived in kiev as well. so that was our first task, was getting him to wellness. without angie's list, i don't know if we could have found all the services we needed for our riley. from contractors and doctors to dog sitters and landscapers, you can find it all on angie's list. we found riley at the shelter, and found everything he needed at angie's list. join today at angieslist.com [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay. you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car, and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? introducing starbucks via latte. instant coffee lovers now have something new to love. still running in t
cell energy and all of them hitting 52 week highs. all thanks to to as low. the unstoppable stock. adam: the obama administration is rolling out its 2015 budget and singing the familiar tune. can use a tax hikes? cheryl: oil prices reversing course, down 4% after closing at the highest level in five months yesterday. commodity analyst matt smith and phil flynn saying get used to this volatility. the energy burrito and the mighty fallen coming up next. when does your work en does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or wn your compan's bought another? is it over after you' given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody li
some of the biggest names in the energy business are saying about the major issues facing the industry. >>> encouraging words about the u.s. economy today from ben bernanke. in his first public speech since stepping down as chairman of the federal reserve at the end of january, bernanke spoke at a financial conference in the united arab emirates, saying the outlook for the u.s. is positive compared to the rest of the industrialized world. he believes the u.s. economy will continue growing at a rate of around 3% this year. >>> president obama may be counting on that kind of growth or even more for the year ahead as he unveiled a proposed $3.9 trillion federal budget for the year 2015. fiscal year, that is. it focuses on ending tax breaks for the wealthy in order to pay for massive improvement projects for the nation's crumbling infrastructure. >> our budget is about choices. it's about our values. as a country we've got to make a decision if we're going to protect tax breaks for the we wealthiest americans or create jobs and grow our economy and expand opportunity for every american. >>
bailout, and second, they don't control their own energy. they have to get energy from russia. they as well as europeans get russian energy, now, when you think about of what -- how can you solve ukraine. europe can't stand up to russia europe needs russian energy, i take a step back, say what happened in last week,ing in to ukraine, nobody is talking about that chinese have come out support of the russians are. and while putin was preparing this, i think he has prepared this for long time in middle of the olympics he left sochi, he went to moscow and met with egyptian defense minister, they sign an agreement saying that russia will replace united states as primary weapon supplier for egypt, that is a major strategic in middle east. because egypt and israel, have kept the peace for 40 years, not just what we're all focused on tragedy of ukraine, but a much bigger picture, where whose destiny is anyone controlling it should be a caution for united states don't get into debt, and absolutely make sure that your energy self much. much. lou: wore working on the latter, but we're so
at kiev business school and from washington, mihala acting director of the council's energy and environment program. jacob, is there much in the way of economic leverage at the u.s. holds in russia? >> cared to the e.u. in my opinion no. you like in europe, for instance, you could move to targeted freezes because a lot of russian least similar to what the former ukraine cocaine leadership had in europe, they had money inside the e.u. and that could be frozen. they don't have as far as i know much money in the u.s. so no, there isn't much. >> how is russia enmeshed in the economy of e.u. and europe more broadly? >> indeed, but the point is that the current situation isn't purely economic. when speaking just about the economy, western countries, european countries are interested in keeping close ties to russia in importing russian gas and exporting technology and investing into huge russian potential. but at the moment since last week we have geopolitical military situation and it prevails on economic. that is why european leaders change their minds and their statement become
of concerns that such sanctions would boost energy costs by enough to damage real economic activity. melissa: without question and to me it seems like, brian, the long-run move here is to develop even more natural gas we can export as lng or maybe we export our own technology and partner with people in europe to develop natural gas. the real power russia has is their natural resources. you think we can take that away from a market perspective? >> well you are concerned about higher energy prices especially the winter we just had. when i hear what judy said and former ambassador this would be prolonged. how will it impact my investments told to be overweight europe because europe is been improving but is a major risk to that investment thesis. you could see continued selling. wait until you see how it shakes out. don't be a hero today. melissa: what do you think about that, judy, as an arguement? developing more energy and helping the world to be more energy independent of hot spots? we don't need to just focus on middle east but energy independent of russia as well? >> absolutely. anyone inv
in the ukraine. deteriorating. the country's energy situation is crucial. after the break, we'll find out who is waiting in -- who is weighing in on the ukraine's power struggles. ♪ >> welcome back. we're taking a closer look at europe's energy situation. affected by the conflict in the ukraine. what happens next is completely up in the air. joining us now is the executive chair of the global energy symposium. let's talk about europe's exposure to russian gas and the ukrainian throughput. to what extent should we be worried by the escalating situation? >> the longer this crisis remains, the greater the impact is going to be on energy expectations in europe. we are already seeing that this morning. of any has happened great significance in the ukraine other than some russian troops showing up in the crimea. it has been enough to start spiking prices and spiking future levels. that is going to be more pronounced as we move forward. the interesting thing is what is already doing in new york, which i think is an overreaction at -- moment, given what is at what is actually occurring. i keep tell
energy bio fuel from one of the world's most abundant life points to algae fossil fuels like oil rapidly disappearing. finding the new energy sources is critical. that's right touch of meats more authentic eco energy is finding ways to help local and international energy suppliers and infrastructure companies go green the algae is attractive because not only reduces costs and outside and smoke stacks. it also doesn't compete with cops for farmland. algae as a biofuel could produce thirty times more oil per acre than other crops such as corn and sugarcane. it will also be non toxic juice milk salt provide context and that i don't agree quickly the dpp group and the ppt fee of up to the twentieth anniversary of the eu single market we're also looking at the future of the single market and how it can cause acute europe's economic revival by creating more jobs and stronger for it. perhaps the most promising prospect is that digital single market sector. abbas potential to win hearts our lives and our prosperity. early this year the european commission tabled a proposal to reform what's known
and the guy that's supplying the energy for the united states? >> host: where did you read they pay for leasing of the land and taxes? >> caller: that's just on the internet. >> host: zachary goldfarb, the oil companies and gas company to pay taxes and they do have to pay the federal government to lease these lands. >> guest: that's right. the reason the government thinks is there is its multiple. first, the government belief these are public lands in many cases and some some of the benefits of that oil and gas should spread the people in those committees and around the country and not just into the pockets of the company. secondly, there is enforcement, environmental regulations in terms of government oversight when you do natural resource billing and exploration in the united states to protect in private, natural habitats and so forth. that needs to be paid for as well. i think the funds and licensing fees go to that support. >> host: freelancer on twitter, how much debt did bush leave? i read 11.5 trillion spent in eight years and the gop act like they have nothing to do with the
is blackmailing europe over energy. >> customers continue to say they need the pipeline. >> fossil fuel industry will always outspend everybody else. >> look at what is happening in ukraine. >> it's mainly about energy. >> great suggestions, one the keystone pipeline. >> marketplace continues to push to build the pipeline. >> i'm right when i talk about that inherent link between energy and security. >> i know that pipeline is necessary. >> america needs pipelines. >> good to have you with us. thanks for watching. we're getting into the say anything, do anything phase of the keystone xl pipeline. all the smart people saying we got to have it. we must not be very secure right now. if we don't build this pipeline, we're not going to be very secure. you see, conservatives what they're doing right now is that they are exploiting a foreign policy situation overseas to get something that they really want and they really don't know a whole hell of a lot about. they are shamelessly using the crisis in the ukraine to push for the keystone xl pipeline. i say not so fast. the conservative noise machine is
impact for ukraine. peter cook tells us how the ukraine is fueling the energy debate here in the states. ukraine. the latest on president obama says russian president vladimir putin has breached international law. the present spoke to reporters earlier today on the situation in crimea. thatere is a strong belief russia's actions is violating international law. president putin seems to think -- has a different set of lawyers making a different set of interpretations. that is fooling anybody. everybody recognizes that, although russia has legitimate interests in what happens in a neighboring state, that does not give them the right to use force as a means of inserting influence. said heresident also has not spoken to president putin since the weekend. let's get the latest on the --und rumble bloomberg ground from bloomberg. what is the latest in the standoff? much a tensel very standoff. there's is an air base down in crimea. it was taken over by russian forces over the weekend. this morning, ukrainian troops -- 300 of them -- marched back to that base and said they wanted it back. soldie
. his funds blew away the market last year. you done want to miss hpicks. >>> the energy departmentç approving loan guarantees for first new nuclear power plant in years. christine todd whitman tells us whether this is the beginning of a nuclear resurgence in this country. >> and chipotle trying to walk back comments that rising costs associated with climate change could eventually force the company to take guacamole or salsa off the menu. we have a stock brawl coming up. you're watching cnbc, first in business worldwide. for tapping into a wealth of experience. ♪ for access to one of the top wealth management firms in the country. ♪ for a team of financial professionals who provide customized solutions. for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve. visit pnc.com/wealthsolutions to find out more. make it happen with fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> welcome back. the recent spike in energy p
the east of core ukraina lot of russian speakers there, fireworks in terms of energy prices in terms terms of energy prices in europe. >> europe depends on the infrastructure, tried to diversify a way away from russian energy, through the cast pecaspea sea. >> because the domestic supplies from these critical producers are dhoining, that really -- declining that really the pipeline supplies at a will be available for europe will be -- that will be available will be largely from russian gas. >> european leaders understand that, that's why they are calling for dialogue with, not sanctions against, russia. ali velshi, al jazeera. >> warren hogue, and from providence, rhode island, thomas nichols, professor of national security affairs. gentlemen, welcome. >> thank you. >> warren, let me start with you if i might. angela merkel suggested that the russian president is out of touch with reality tonight. is that just rhetoric or they have just lost control? >> i think what she said was he was from a different planet. i think exactly he is from a different planet. the russians view this differentl
energy costs down whether it be in refining where he has the best chemicals to be able to get the most gasoline out of dirty oil, for instance, in the turbo which is what you need to be able to low your -- get more mileage out of each gallon. that's a very important thing. and, of course, he does the cockpits for pretty much everybody. he's done a remarkable job in honeywell, my charitable trust owns it. it's just been a gigantic winner. at one point they asked him about activism and he had a great answer when your stock goes up all the time the activists don't call. good man. >> is it your favorite industrial name? >> definitely. >> really? >> yeah dave cody is a remarkable guy, and yes, i'll admit we are next-door neighbors and he's also a terrific guy in person. >> you can't argue with what he brings to the interview and certainly with the stock as you said. we'll watch that closely along with exxon also having a -- >> yes, down. >>> in the meantime, former microsoft ceo steve ballmer giving a talk to graduate students at the university of oxford's school o
will respond? the only country willing to bail out is russia the only country that determines the energy surplus so i think russia does have a decision making power. georgia would have been easy. i think he waits to play for the whole game because by made the ukrainians will be bankrupt or will be broke can you imagine saying vote for me? i want to raise your taxes and force the anti-corruption austerity budget. the russians know they fall in their lap. >> the signals that are sent to russia russian defense ministers saying russia is now planning the permanent military presence outside russia's borders including vietnam, cuba, venezuela, ni caragua singapore and other countries and back in november secretary kerry said the monroe doctrine is dead. did he just waved the flag for russian expansionism? >> that is one of many that the administration has been waving. as clap to america the monroe doctrine is not popular and tell it is needed then they want to know where the united states is of central and south america are very worried about russian participation adventurism and a return of r
stock for 10-plus years, other than the energy sector, and that is where we thought the lifting of all of that public policy and certainty related to all of the government issues we have had the last two years, that would be the main driver and that durable a much more placed to pick consumer oriented companies. indexdid see the pricing today -- it went up a point more than people thought, giving some hope it would rebound a little bit. but guess what? the r&d taxon of credits last year. congress did not renew those. we are seeing bid increases -- big increases in november and december. we have seen nothing in february so far. what we do not know is whether we will see that building and, whether there was a temporal, prime shift with black -- prime shift -- >> you think that is inevitable? >> the good part of the durable goods report last month, or last week showed a big pickup in january. we had in industrials conference. we got a lot of positive .necdotes from these companies they are much more interested in capital spending or even nurtures and acquisitions than vying back stocks. i
. we know the structurally the energy market is changing. the loss isn't there. what is more important is the on tohat rwe is holding the guidance and they gave. , the current net income. they said we will make one point $3 billion. that is incredibly important if you are a dividend or stockholder in this company. kitchen seek is a colloquial term for dumping everything that is bad. if the with gusto. it is making savings. and howfunction exciting my life he gets on tuesday. renewables is a part of the business. it is barely 1%. record.ibility is at a that is according to bloomberg industry. that has a significant tale. new business is making record profits and expenditure is also at a five-year low. mothballing old plans. getting ready for 2022. why do i say that? germany comes off line. >> i was going to ask you about that. is a story about the german energy market changing completely. >> if you think about the edict -- green power wants to constitute 45% of energy production. up from under 25%. with energy.ution energy prices have been coming off a month after month. down by 15%. th
of the leverage that president putin does have. partly, he has the energy, which flows underneath ukraine and supplies so much of europe. and more than that, he has now threatened, we are told, to no longer use the united states dollar as a currency on the world market. what if he did that? maria bartiromo from the fox business network will join us next to talk about the ramifications of such a thing. whether he could do it and what it would mean to our economy. would it, as the russians say, cripple our economy? that's next. t! [bell rings] this...is jane. her long day on set starts with shoulder pain... ...and a choice take 6 tylenol in a day which is 2 aleve for... ...all day relief. hmm. [bell ring] "roll sound!" "action!" [ chainsaw whirring ] humans -- sometimes liferips us up. sometimes we trip ourselveup. and although the mistakes may seem to just keep coming at you, so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... [ thump ] to speak with an insurance
troops at all. ukraine relies on russia for most of its energy, using most of that natural gas to fuel their industry and heat homes. the fear is that that reliance will be russia's next weapon. russia could punish ukraine by cutting off the gas altogether. >> they are considering it. >> if russia turns off the gas, what would you do? >> we will try to turn the tap it another way. russia cannot the refusing gas -- cannot use gas as a weapon. >> back on independence square they know a thing or two about dealing with the cold. they have been out there for more than three months. they also know about gas shortages. russia has turned off ukraine's gas twice in the last decade. not everyone is convinced that the russians are up for that fight. >> ukrainians and russians? for how long will russia be able to be in this situation? it all goes through ukraine. what will happen? what will happen to their economy? >> night falls. they are celebrating in key avenue. back in their homes, the gas is still flowing. the next front is still an invisible threat. bloomberg, kiev. >> one man who knows how
that with ed royce. i think we need to take the fact that america in 2020 will be the leading world energy producer, so let's talk about that being used to be an offset to the russians because their energy is their weapon. if we're looking to make russia a pariah state, that's where the president needs to be talking. >> listen, i think there's a lot to be said for that. as you know i'm more of a clean energy guy but taking that away from russia, their monopoly in energy, is good. but republicans are missing an opportunity to look more bipartisan. >> congressman engel, i think what bothers republicans is how much the president and the administration seems to have empowered putin over the past few years. just to give you a couple of examples. russia controls the northern distribution network which is one of the main access points in afghanistan that our troops rely on to get supplies and food and water. putin controls that. putin is controlling our syria chemical weapons collection deal, which is a farce. putin is undermining our negotiations in iran. have we given him too much power? why ha
an interesting note this morning, there's energy in the ukraine that could supplant the russians as far as being a supplier to western europe. there's a lot of things going on here. we'll hear more about it. this isn't going to go away. >> david molnar, you point out we're hovering around the fifth anniversary of the beginning of this bull market from the lows of march of '09. it's getting long in the tooth. is this market just running out of steam. is this a good excuse to sell today? >> yeah, bill, i think that's exactly what we're seeing here is that the market is a little bit extended, a little bit tired after a big run here off the january lows. we needed to see something come along that would create an impetus for consolidation, even a short-term correction, and this happens to be it right now. i agree with the prior two guests that this is probably going to be a short-term correction. it's not necessarily, you know, a change in trend here, but i would point out we do have friday's employment report coming out that's going to dictate a lot about, you know, the future direction of fed polic
. it is a loan guarantee. it still needs approval by congress. it would help cover some of the energy costs in the ukraine, because they would be losing probably the energy subsidies they get from russia. they are also talking about sending technical advisors in a whole host of areas first to work with the central bank and finance ministry, also to train election monitors, there is the hope there could be an election in may in ukraine. and the hope is that the u.s. can train monitors to ensure that is a free and fair election. and they also want to send technical advisors to help ukraine identify and recover any stolen assets we have heard about president yanukovych and the oligark, spirit billions of dollars out of the country. the administration has been saying that it has a wide host of sanctions that it can consider. they would be done through presidential executive order. they have already taken some diplomatic steps. they have pulled back on preparations for the g-8 summit. they have canceled trade talks. and what they are talking about as far as further sanctions could be the freezin
. to the extent we could impose energy sanctions on russia, understandable and effect because they rely so much but i would go one more step and say by 2020 we are expected to be the world's leading producer of energy and there's talk about exporting natural gas, we need to make it clear we need to start planning for the long game and we will have natural gas with allies that reliance on russian gas to be accountable. stuart: it is all about energy, isn't it? a lot of europe is supplied with natural gas, a lot of that comes through ukraine and from russia. therefore, there is a limit to a and forbid its natural gas to get into europe. the europeans will never look at that. stuart: we have to take into account the effect this will have on their economy, doing things that will affect their allies may not be beneficial but if the president came out today, he won't but if he came out today and said we are an energy powerhouse we are committing that in ten years we have great contract with our allies that would scare the russians. vladimir putin does things with long hall and he knows is only play i
to happen. but at the end of the day, the only options we have are to increase our own energy independence, put energy in a position where putin doesn't have access to the energy reserves and to the reknew that's he's had in the past. so whether this president does it or the next president does it, somebody has to do it. and i keep going back, shannon, you know, we survived jimmy carter, we're going to survive barack obama, but it will be incumbent on the next president to stop president obama. otherwise, neither will stop president putin. >> always good to see you. thanks so much. >> thank you, shannon. >>> the top democrat in the senate says the obamacare horror stories are live. that has some experiencing them first hand pretty fired up. >> i'm completely outraged. it's absolutely ridiculous. >> we're going debate the issue fair and balanced, of course, next. >>> another snowstorm spreading across the country gearing up to hit the east coast tonight. whether you want them or not, you need to know. [ female announcer ] a classic macaroni & cheese from stouffer's starts with freshly-made
's parliament, kerry promised a billion dollar loan guarantee designed to ease the sting of energy costs. officials traveling with kerry had voiced concern that russian president vladimir putin who last week sent tens of thousands of forces may be preparing for a larger invasion of eastern ukraine. putin himself looking relaxed at a state res dnls outside moscow held a rare news conference in which he suggested any such broader invasion would be a last resort but well within russia's right because they have received approval by yanukovych. >> even if i take a decision to use armed force, it would be legitimate, in the norms of international law, and in this case, it would also correspondent to our interest in protecting the people who are closely tied to us historically, culturally, economically. >> kerry has emphasized the u.s. wants to de-escalate the crisis, responding to putin's comments. >> he really denied there were troops in crimea? >> yes, he did. >> i have spoken directly to president putin today as i can. it is not appropriate to invade a country and at the end of a barrel of
. we see an energy prices up. so we see an uptick for brent. point when these oil prices continue to uptick. it will get to a point where people will start thinking about inflation. perhaps what it could mean for growth ahead. for gold, one point three percent, we are now at $1343. a $150 gain so far. north korea, when that happens, we usually get an uptick along the south korean defense plays. naver corp, two percent down after gains last week. i will be back later on. john, back to you. j.crewican fashion has -- has friends in very hype very high places. and may have a new owner. >> that is the country trading in the japanese trading session. they may acquire j.crew for a deal valued at the $5 billion. really looking to make inroads in the u.s. unwilling to grow and expand overseas. they want to be the world's largest clothing retailer. so they are betting on scoop-neck tees and cardigans. the bigs fan is michelle obama the united states. she loves them. i love -- i wear some j.crew j.crew -- i wear some clothing. it is hard to buy it here. leonard green has been the guy behind
television service. number three is fuel energy. fuel cell, which reports earnings on march 10, is one of the most overbought stocks. >> i am talking cars. the auto-parts retailer reporting in nine percent increase as well as sales growth of four percent. severe winter weather actually helps sales by accelerating demand area >> number one is radioshack. shares plunged more than 25% after the electronics chain announced plans to close up to 1100 stores in the u.s., or 20% of its footprint. radioshack also reported a significantly wider loss for the fourth quarter. are also keeping our eyes on shares of smith and west. the gunmaker reporting earnings after the close today. a bumpy ride for alix steel, and paul barrett joins us from washington. on god's.t with you we saw them take off in 2013 under the threat of more regulation. what is happening, why this decline now? >> there has not been any kind of tragedies. if you take a look at federal background check which analysts say can be a relatively good barometer for sales, they tend to increase we see some kind of national shooting. auror
this is a tiny economy and russia is a third world economy for its energy sector but the point is -- bob, let me go to you. the point is europe could get involved, natural gas shutdowns could get involved and these kinds of tensions have a way of rippling through. i like this reuters announcement, i'm going to assume it's true. i like the sound of it. the stock market may not like the sound of it because it's the united states being tough and kind of in your face to putin. let's face it, bob, putin's thugs have taken over the sovereign state of crimea, ended the legislature, ended the prime minister and therefore we've got to do something about that. >> correct. forget these statistics. the ukraine is one quarter of one percent of whatever. 1997, larry, i was down on the floor of the new york stock exchange when the tide bot collapsed and nobody was saying that tie land was an important part of the economy but the ripple effects around the world were felt in other economies. it's the butterfly wings in africa that causes storms in the united states. >> it was the anchovies off the coast of peru.
are under way. they can develop alternative energy supplies, including fracking. including as the united states becomes an energy exporter, there are alternative sources there in the future and sources -- the inauguration of of the new pipeline project from the caspian sea which will be a new route for gas supplies into europe, not passing through russia, not from russia. this infrastructure will take time to develop but it is important to do so. the world is becoming increasingly unstable. this latest example to world peace is the classic case in my view. will the foreign secretary array with me -- agree with me that our country must rethink the funding of our armed forces to make sure we have the ships, the navy, the air force to me potential threats in the future. i am not hinting we should go to war on this case but it is a reminder we need to keep our defenses up. in an unstable world we do need to keep up our defenses, that is right. that is why this country is investing in some very sophisticated military projects for the future. as twotain the spending percent of our gdp on defen
the world. >>ali, shock wave to the energy prices? >> yes, oil prices, that is global, that rose 2%, $105s a barrel now and we are going to feel that at the pumps and the price natural gas in germany and uk jumped 10%. germany is an industrial power house and depends on natural gas for electricity and call coming from russia, 40% of the the natural gas coming from russia through the ukraine and that is not good news. this is not affecting u.s. natural gas. we don't want to see russia pushing europe back into a recession because we all know that hitting us all. >> what other aspects are you looking at? >> i am looking at a guy that bidding plumbing and manufacturing parts and he exports them and invests in a factory operation in crimea, and he's doing this for a while and i am going to talk to him about affecting his business so we are connected. >> thank you, ali and thank you. we have a response to the ukrainian crisis on social media. >> ukrainians are going online and expressing their feelings on what is happening in their crime. a woman is saying she wants peace, not war and take a loo
to be placed on russia economically. they are an energy export dependent economy. once that we can do is to open up our export of liquefied natural gas. it will have a huge impact on the price and that russia enjoys in their monopoly dominated europe. i have a bill that would have expanded the gas exports to nato. dropping a bill today that will expanded even further. entering this in the national market and economically impact russia. neil: at the very least we should re-examine our opposition to drafting and some states. that is just more energy for us and the one thing that i'm curious about is it's precisely that energy independence. we need a lot of energy coming via russia and the ukraine. so don't think that. >> it certainly is an issue. they are, as you describe, being economically impacted by some very old things. this president needs to step it up and in that weakness, russia will be adventurous spirit even if they are and they start feeling the pain of their own stupidity or bullying, maybe that is what gives them cause in the future and tyrants who might think about doing
goes up. i will stay stock specific and oil names like encan ma and new star energy. i take off a lot of risk across the board. go back to my screen and take some risk off going into this situation on friday. melissa: don't move. i want to get some more reaction from you in just a moment. >> budget i sent congress this morning lays out how we'll implement this agenda in a balanced and responsible way. it's a road map for creating jobs with good wages and expanding opportunity for all americans. melissa: so the president released his budget proposal today. his direction is clear. he wants to tighten guidelines for the rich. extend tax breaks for the poor and help students with loans and raise the minimum wage to 10 person $10 an hour. thanks for joining us. -- $10.10 an hour. >> thanks, melissa. melissa: what do you like about what you heard? >> most republicans and democrats agree the earned income tax credit actually works. i think that is positive. some of the ideas on infrastructure were way behind. we're hopelessly behind on infrastructure spending in this country. we'll have to d
in europe and it has really shrunk. potentially, they have big energy plans for europe. >> it is not proven yet. >> if it turns out that american companies are there -- >> let me ask about the united states. >> yeah. crimea, the have gas and -- but let me ask you about the united states role. you had friendly relations with george bush and you had good relations with the obama administration. i expect that you feel that the administration was not as helpful to georgia as they could have been and will not be as helpful in the ukraine because the united states has bigger fish to fry with russia. i do not think anybody can afford to neglect this. if they do, it is a major disaster. this guy is dangerous. this is going to continue. it is not limited to crimea. it allows us to have another crisis moving somewhere and everybody forgets what happened in georgia apostates. it is getting shorter and -- ter and >> to be fair, he said that he did not feel any need to escalate. >> they are using the word of escalation stop there with the occupation and europeans might escalating.is he is escalating. le
is exceptionally weak in ukraine. and what's more, the eu imports most of its energy from russia, which is a top oil producer. should putin take the risk and turn off the taps, as he did with ukraine in 2009 and in 2006, it could spell disaster for europe and, perhaps, the u.s. as the "new republic" notes, "any supply shocks in europe that send prices higher will have ripple effects that raise gas prices in the united states." fiona hill is an expert on russia and eurasian affairs at the brookings institution. fiona, thanks for being here. let's start with that question. you do have a lot of criticism of the president saying that he needs to take stronger action. what conceivable stronger action could be taken? >> well, the problem is, as you've just laid out, that the strong action that the president can take really is very dependent on being in lock step with our european allies. the real impact of any sanctions would only be felt on russia if the eu and other key allies are with us in the way that we are all acting together in the sanctions against iran and our dispute over iran's nuclear pro
issues. this is the energy department's largest clean up anywhere in the united states. trying to take those 56 million-gallons of radioactive sludge that were in underground tanks. they are trying to turn that into solid glass. it is a massive project. how does this work? >> well the 17 self-tanks are distributed over quite a few square miles with an intricate net of pumps and pipes. when it is pumped to facility that i was previously supporting, we would then treat that waste chemically to get some of the more dangerous constituents out of it and then after we had treated it chemically we would put it into a melter with glass heat it up to high temperatures. >> the tanks that were underground were beginning to leak. they were old and the danger was some of them were fairly close to the colombia river and there is fear that somehow some of that radioactive material could get into the river. >> it is a fear based on reality. the single shell tanks which were actually decommissioned in the 40s and 50s, those tanks are known to have been leaking into the environment for years. we have co
. why? because rush ha is blackmailing europe over energy. supplies a third of oil and natural gas to the eu. the more oil and natural gas the u.s.a. and canada can produce and distribute, the weaker russia becomes on the world stage i fervently hope president obama understands that finally, there is barack obama's legacy. hear's a satirical picture posted on fox nation showing the contrasting styles of putin and obama. obviously the russian leader sees himself as macho man. the president sees himself as a renaissance man who wants to accommodate. but there is no accommodating putin. and if the u.s.a. looks weak on this one, believe me, we'll pay a heavy price. as will the president's historical reputation. and that's the memo. now for the top story tonight reaction joining us from boston fox news military analyst colonel david hunt and -- am i making mistakes here, mr. whiten? >> no, i don't think so. i would add a few other things to the list. you know, we can be specific with building -- helping central europe get free of russian energy. it's russian energy that's been used agai
, the reality is that russia has a lot of nuclear weapons. their economy is modest except for energy, and they're not a great power, but they have the ability to pick them off one at a time. their neighbors abroad, they can do that, they went into georgia as you'll recall. ukraine is enormously important to the world. and the idea that we would have created an environment that is hospitable is outrageous. it's not just putin, it's going to be the people's republic of china. even if it's not in cahoots with put putin. >> it seems like the president and the secretary of state keep lecturing putin, that they have a 19th century mentality, this is the 21st century. he made a speech where -- in which he says the great power conflict is a thing of the past. i want to ask you about these words the president uttered many listen to this closely. >> those countries that are large like russia or china, we have the kind of relationship with them we're not getting into conflicts of that sort at least over the last several decades, there's been a recognition that neither country benefits from that kind of g
of their energy supplies and actually we have seen a significant recession in european leadership over the last ten to 20 years. but we need to act and we need to speak up in favor of the people who are now being overtaken in crimea by vladimir putin's army, his military. and i worry and -- in conclusion i say it's time we woke up about vladimir putin. it's time that this administration got real. and it's also time for us to worry about what vladimir putin will do on eastern ukraine on the pretext that somehow disorder and demonstrations might require russian presence. and my friends, if we allow mr. putin to assert his authority over these areas because of russian-speaking people, that message is not lost on poland, where there's russian population, on romania, on latvia, estonia, lithuania and moldova, and we are on the verge possibly of seeing a move to reassert the old russian empire, which is mr. putin's lifelong ambition. madam president, i've overstayed my time. i thank my colleague from alabama and i yield the floor. the presiding officer: madam president? the presiding officer: the sen
whether to the level to buy yandex, concerned about the energy situation in germany, yeah, i mean maybe not time to pick things up. i agree with warren buffett. not hard to do, obviously, given his long-term track record. this is where you pick. you're getting a chance. he had a big sell-off friday afternoon and he kind of rallied in the last half hour. if we get those prices again at 330, count me in. count me in. >> fixing my collar here. always important that you look well in the morning when delivering and trying to opine and provide insight. >> the clothes make the man. >> of course on that note, studying up on ukraine and crimea and russia's history with it, and what khrushchev did in '54, whether he gave to them, whether thhe didn't want to dea with it. this forces money manages are to hit the history books. >> my producer, ukraine is -- actually i read the stories, warren's say, remember, 50% of the whole country is russian and the crimea is russian. so, this is kind of a -- apparently there's questions about resources and they use a lot of water in crimea. >> ukraine. >> a lot
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